Thank you, Mr. Speaker. Well, I understand my performance yesterday was not quite up to par, so if it was not, I apologize to my colleagues. I will try to improve that as we proceed on this important initiative. The economic strategy, we are hopeful that we will have a first draft by the end of September in relationship to some of the work that is being done, both by Bailey and Associates and some of the subcontractors.
In parallel with that, we are working with, and I did not get a chance yesterday to speak to, we are working with Ottawa because a key component to this thing is to convince Ottawa that the strategy that we have to give us a renewed fiscal relationship with them. We need to convince the powers to be, specifically Mr. Martin and Ms. Stewart, that this is an important initiative particularly at this time for the Western Territory. So we are also working with Mr. Robinson, who helped us in the formula financing arrangements as well as a couple of others. So we are hoping to have at least a first draft around the end of September.
I will be making a speech on this issue next week sometime. We are hoping at that time then to get broad consultation with not only the House, and other parties who I have been talking to over the summer and hopefully conclude a strategy for this government to proceed and to move forward with. I am hoping that we will have the opportunity to at least have an initial discussion with Mr. Martin, who I will be meeting with on the 21st and 22nd of October prior to him coming to Yellowknife to sign off on the formula finance arrangements. Thank you.